TLDR
- Eric Trump predicts Bitcoin will reach $1 million per coin within the next several years, citing increased demand from nation states and Fortune 500 companies
- Global M2 liquidity has reached record highs, creating favorable conditions for Bitcoin based on historical correlations
- Bitcoin currently trades around $108,500 after a minor correction from its all-time high of $124,500 on August 14
- Gryphon Digital Mining approved a reverse merger with American Bitcoin, with stock rising 231% since the deal announcement
- Market analysts suggest Bitcoin could challenge resistance levels between $115,000 and $120,000 if it follows historical liquidity patterns
Eric Trump believes Bitcoin will reach $1 million per coin within the next several years. The son of US President Donald Trump and co-founder of Bitcoin mining firm American Bitcoin made this prediction at the Bitcoin 2025 Asia conference in Hong Kong.
Trump pointed to increasing institutional demand as a key driver. He said nation states, Fortune 500 companies, and major families are buying Bitcoin heavily.
“Everybody wants Bitcoin. Everybody is buying Bitcoin,” Trump told the conference audience. He described the current situation as “incredible” and reinforced his confidence in the million-dollar price target.
Despite this institutional adoption, Trump believes current Bitcoin holders are still early adopters. He said the vast majority of market participants have not yet understood digital money and the future of finance.
Bitcoin currently trades around $108,500 after experiencing a minor correction. The cryptocurrency fell nearly 13% from its all-time high of $124,500 reached on August 14.
The price has dropped below the 50-day exponential moving average. This technical indicator serves as a dynamic support level and could suggest further downward pressure in the short term.
Institutional Developments in Bitcoin Mining
Gryphon Digital Mining shareholders approved a reverse merger with American Bitcoin in August. The deal will see the combined company trade under the ABTC ticker once completed.
The merger is expected to finalize with the stock relisting on the Nasdaq exchange in September. Gryphon’s stock has performed strongly since the deal announcement.
The company’s shares rose 231% since May 2025 when the initial merger was announced. The stock gained over 42% on Thursday as the merger approached completion.
Bitcoin Price Prediction
Market analysts are watching global financial liquidity developments closely. Global M2 liquidity has reached new record highs, creating what many see as favorable conditions for Bitcoin.
This macro environment has historically correlated with Bitcoin price movements. Trader analysis shows a strong relationship between BTC performance and liquidity cycles.
Current data shows liquidity continuing to expand while Bitcoin consolidates around current levels. This divergence suggests potential for upward movement once the typical lag between liquidity expansion and Bitcoin’s response ends.
Financial markets have seen similar patterns before. Previous liquidity surges have consistently been followed by major Bitcoin rallies according to historical data.
Should Bitcoin follow established patterns, prices could challenge resistance levels between $115,000 and $120,000. A break above this range would likely confirm the beginning of the next bull market phase.
Global liquidity expansion serves as a primary driver for risk asset performance. When central banks and capital markets increase money supply, assets including cryptocurrencies typically benefit.
Bitcoin’s limited supply makes it particularly responsive to these cycles. The cryptocurrency often experiences some of the most pronounced gains during liquidity expansion periods.
With liquidity at historic highs, the fundamental case for Bitcoin’s next upward move appears compelling. This macro indicator has historically preceded Bitcoin’s major price movements.
